GPs warned of drug shortages

GPs are being warned of a possible shortage of prescription drugs as the Federal Government slashes the amount it pays to pharmacists for over 200 drugs.

From 1 April, pharmacists will receive about 50% less from the government to cover the cost of supplying pravastatin and 17% less for metformin. There will also be cuts on a wide range of antibiotics.

The so-called price disclosure deal was struck 18 months ago between the government and Medicines Australia amid claims taxpayers were paying too much for prescription drugs listed on the PBS.